40390 Highway 59 south, Bay Minette, AL
Storage for Sale - $599,000
Property Info
| CIMLS# | 12013 |
| Location 40390 Highway 59 south Bay Minette AL 36507 | |
| Updated | March 17th, 2009 |
| Type | Storage |
| Price | $599,000 |
Property Description
This 170 unit mini storage is fully leased out. Built in late 2005, it is practically brand new. Total PRI is $6,090 based on current rents. There are 116 climate controlled units, with additional acreage for expansion. Located on busy Hwy 59, the property has excellent exposure. Great investment potiential.
Building 1: 25 x 145 =3625 SF
Building 2: 25 x 142 =3550 SF
Building 3: 70 x 135 =9450 SF
Located on the corner of Pine Grove Rd. Ext. west and Hwy 59 south.
19800 CPD
100% Occupancy
Financials
Total PRI is $6,090 based on current rents.
Cap Rate 10%